Overview
The Financial Services Department of Nketoana Local Municipality serves as the cornerstone of fiscal governance, ensuring transparency, accountability, and long-term sustainability. Headed by Jabulani Leonard Makubu, the Chief Financial Officer, the department oversees critical functions such as budgeting, revenue collection, expenditure control, supply chain management, and asset oversight. It plays a strategic role in aligning financial planning with the municipality’s Integrated Development Plan (IDP), while also ensuring compliance with the Municipal Finance Management Act (MFMA). Through rigorous financial reporting and performance monitoring, the department supports effective service delivery and drives socio-economic development across the municipality.
Jabulani Leonard Makubu – HOD Financial Services
Chief Financial Officer – Plays a crucial role in overseeing financial management, ensuring sound financial governance, and implementing strategies to achieve long-term financial sustainability.
Email: Cfo@nketoanalm.gov.za
Municipal Financial Services
The Nketoana’s Financial Services Department serves as the backbone of financial governance in the municipality, responsible for ensuring financial sustainability, transparency, and accountability. As custodians of public funds, the department manages financial planning, budgeting, revenue collection, expenditure control, financial reporting, supply chain management, asset management, and compliance with legislative requirements. Through strategic leadership and operational excellence, the Financial Services Department supports the municipality’s mandate to deliver services, promote socio-economic development, and maintain public trust. A detailed breakdown of the functions of the Nketoana Financial Services Department is provided below.
Budget, Asset & Reporting
Budget, asset & Reporting Preparation and coordination of the annual budget aligned to the Integrated Development Plan (IDP) and service delivery objectives.
• Financial planning, including the development of a three-year Medium-Term Revenue and Expenditure Framework (MTREF).
• Monitoring and reporting on budget performance.
• Debt management, including servicing of municipal loans and obligations.
• Compilation and submission of mandatory financial reports under the MFMA.
• Grant funding accounting and reconciliations.
• Preparation of Annual Financial Statements.
• Compilation and submission of MFMA financial reports.
• Maintenance of accurate and auditable financial records.
Revenue Management
Revenue management is responsible for billing and collection of property rates, service charges, and sundry revenues.
• Maintenance and updating of the municipal valuation roll.
• Debt collection and credit control enforcement.
• Customer services for revenue-related inquiries and disputes.
• Revenue enhancement initiatives to expand and diversify the revenue base.
Expenditure Management Unit
Expenditure management unit is responsible for Processing of payments to suppliers, staff, and creditors in line with approved invoices and procurement processes.
• Management of payroll functions.
• Monitoring and controlling expenditure to prevent unauthorized, irregular, fruitless, and wasteful expenditure.
• Compliance with payment timelines, particularly the MFMA 30-day creditor payment requirement.
• Cash flow and investment management to ensure liquidity and financial sustainability.
Supply Chain Management
Supply chain management is responsible for implementation of the municipality’s Supply Chain Management Policy.
• Management of procurement planning aligned to the budget and service delivery priorities.
• Processing of bids, quotations, and tenders.
• Contract management and supplier database management.
• Prevention of irregular expenditure through compliance-driven procurement practices.
• Upholding principles of fairness, equitability, transparency, competitiveness, and cost-effectiveness.
• Strengthening internal controls to prevent supply chain fraud and malpractice.
• Promoting ethical conduct in procurement transactions.